USD/CAD Market Analysis Hourly Chart (H1)
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USD/CAD Market Analysis
Overview
The USD/CAD currency pair has been displaying a strong bullish trend, supported by a rising channel on the hourly timeframe. Current price action suggests potential further upside, with key resistance and support levels clearly defined.
Technical Analysis
The USD/CAD pair is trading within an ascending channel.
Entry Point: Around 1.3700
Take Profit Levels:
TP1: 1.3720
TP2: 1.3745
TP3: 1.3760
The channel indicates a potential continuation of the upward trend, with the price testing the upper boundary for resistance and the lower boundary for support.
USD/CAD Market Analysis
Overview
The USD/CAD currency pair has been displaying a strong bullish trend, supported by a rising channel on the hourly timeframe. Current price action suggests potential further upside, with key resistance and support levels clearly defined.
Technical Analysis
The USD/CAD pair is trading within an ascending channel.
Entry Point: Around 1.3700
Take Profit Levels:
TP1: 1.3720
TP2: 1.3745
TP3: 1.3760
The channel indicates a potential continuation of the upward trend, with the price testing the upper boundary for resistance and the lower boundary for support.
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